A madness called Target 2.

The "Target 2" payment system imposes enormous risks on the Bundesbank. Here comes an idea of how this could be changed.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).